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HIG Growth Partners completes investment in GLD

HIG Growth Partners (HIG), the growth capital investment affiliate of HIG Capital, has completed a strategic investment in GLD, a digitally native jewellery, accessories, and apparel ecommerce brand in the large, high-growth streetwear/urban category.

Based in Miami, FL, GLD provides high-quality, aspirational product at an accessible price point – including a full suite of both classic as well as on-trend jewellery and accessories. GLD’s focus on community, authenticity, and inclusivity has fostered a highly engaged, diverse, and loyal customer base, with which the Company connects through a multi-faceted, digital-first marketing model.

CEO Mark Seremet says: “We are very excited to partner with HIG to execute against our shared vision for GLD. HIG has deep experience and resources in ecommerce, including remarkable success helping to scale digital brands. With their support, we look forward to taking GLD to the next level.”

Christian Johnston, Co-Founder and Chief Creative Officer, says: “The investment from HIG represents the next phase in the lifecycle of growth for GLD. With their partnership and capital, we very much look forward to continuing to refine and expand the high-quality products we provide to our loyal customer base.”

Danielle Qi, a Managing Director with HIG, says: “GLD represents an exciting opportunity to invest in an authentic brand in the large, high growth streetwear/urban market. We are impressed with what Mark and the entire GLD team have built, and we look forward to working together to further accelerate the Company’s strong momentum to build a world class digital brand.”

Paul Hastings LLP served as legal counsel to HIG on the transaction. The Sage Group advised GLD on the transaction.

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